UAE Investments increase to Georgia

UAE investments increase to Georgia is an outcome of booming interest from the investor country.

UAE investments to Georgia have been increasing for the recent years, more and more Local businesses are attracted to invest in Georgia.

Trade turnover between the two countries has also increased, Georgia’s trade turnover is increased by 14% while the exports is increased by 25% for the first two month of 2018.

The growing investment opportunities and investment climate in Georgia have been the main subjects of discussion between various top authorities of the two countries in the recent months.

Among such meetings, within the framework of the visit to the United Arab Emirates, First Vice Prime Minister of Georgia, the Minister of Economy and Sustainable Development Dimitry Kumsishvili had a meeting with the UAE Minister of Economy, Sultan Bin Saeed Al Mansoori.

Booming trade and economic relations were the main topics of the discussions between the two authorities.

As noted at the meeting, the trade turnover will significantly facilitate the signing of the Free Trade Agreement with Georgia and the Gulf States.

The parties found important to speed up the signing of an economic agreement between Georgia and the United Arab Emirates and the establishment of the inter-governmental commission.

Positive trend in business relations was also highlighted during the visit of The Georgian President – Giorgi Margvelashvili, who visited the United Arab Emirates (UAE) last month, Georgian president, pointed out that Georgia and UAE have high potential to further enhance bilateral ties.